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Monthly Report on
Short-term Transactions of Electricity in India
January, 2018
Economics Division
Central Electricity Regulatory Commission 36, Janpath, Chanderlok Building 36, Janpath, New Delhi -110001
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Contents
S.No. Contents Page
No
Contents i
List of Tables and Figures ii
Abbreviations iii
Introduction 1
I Volume of Short-term Transactions of Electricity 1
II Price of Short-term Transactions of Electricity 2
(i) Price of electricity transacted through Traders 2
(ii) Price of electricity transacted through Power Exchanges 3
(iii) Price of electricity transacted through DSM 3
III Volume of Short-term Transactions of Electricity (Regional Entity-wise) 3
IV Congestion on Inter-State Transmission Corridor for Day-Ahead Market on
Power Exchanges
4
V Bilateral Contracts executed by Traders 5
(i) Duration of bilateral contracts 5
(ii) Forward Curve based on Price of bilateral contracts 5
VI Volume and Price of Renewable Energy Certificates (RECs) 6
VII Inferences 7
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List of Tables and Figures
S.No. List of Tables and Figures Page No.
I List of Tables
Table-1 Volume of Short-term Transactions of Electricity in India 9
Table-2 Percentage Share of Electricity Transacted by Trading Licensees 11
Table-3 Price of Electricity Transacted through Traders 12
Table-4 Price of Electricity Transacted through Traders (Time-wise) 12
Table-5 Price of Electricity Transacted through Power Exchanges 12
Table-6 Volume and Price of Electricity in Term Ahead Market of IEX 12
Table-7 Volume and Price of Electricity in Term Ahead Market of PXIL 12
Table-8 Price of Electricity Transacted through DSM 12
Table-9 Volume of Electricity Sold through Bilateral 14
Table-10 Volume of Electricity Purchased through Bilateral 15
Table-11 Volume of Electricity Sold through Power Exchanges 16
Table-12 Volume of Electricity Purchased through Power Exchanges 18
Table-13 Volume of Electricity Underdrawal through DSM 19
Table-14 Volume of Electricity Over drawal through DSM 21
Table-15 Total Volume of Net Short-term Transactions of Electricity
(Regional Entity-wise)
23
Table-16 Details of Congestion in Power Exchanges 25
Table-17 Volume of Short-term Transactions of Electricity in India (Day-
wise)
26
Table-18 Price of Electricity in Short-term Transactions (Day-wise) 27
Table-19 Volume of Short-term Transactions of Electricity (Regional
Entity-wise)
28
Table-20 Volume and Price of Renewable Energy Certificates (RECs)
Transacted through Power Exchanges
31
II List of Figures
Figure-1 Volume of Short-term Transactions of Electricity 9
Figure-2 Volume of Various Kinds of Electricity Transactions in Total
Electricity Generation 9
Figure-3 Volume of Short-term Transactions of Electricity (Day-wise) 10
Figure-4 Percentage Share of Electricity Transacted by Trading Licensees 11
Figure-5 Price of Electricity in Short-term Transactions 13
Figure-6 Price of Electricity in Short-term Transactions (Day-wise) 13
Figure-7 Bilateral Contracts Executed by Traders in February, 2018 30
Figure-8 Forward Curve based on Prices of Bilateral Contracts 30
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Abbreviations
Abbreviation Expanded Version
ACBIL ACB ( India) Limited
ACP Area Clearing Price
ACV Area Clearing Volume
Adani HVDC
AD HYDRO
Adani Power Limited (High Voltage Direct Line Current Line)
AD Hydro Power Limited
BALCO Bharat Aluminum Company Limited
CEA Central Electricity Authority
CERC Central Electricity Regulatory Commission
CGPL Coastal Gujarat Power Limited
CHUZACHEN HEP Chuzachen Hydro Electric Power Project
COASTGEN Coastal Energen Private Limited
DAGACHU Dagachhu Hydro Power Corporation
DB POWER Diligent Power Pvt. Ltd.
DCPP Donga Mahua Captive Power Plant
DGEN MEGA POWER DGEN Mega Power Project
DHARIWAL POWER Dhariwal Power Station
DOYANG HEP Doyang Hydro Electric Project
DSM Deviation Settlement Mechanism
DVC Damodar Valley Corporation
EMCO EMCO Energy Limited
ESSAR POWER Essar Power Limited
ESSAR STEEL Essar Steel Ltd
GMR CHHATTISGARH GMR Chhattisgarh Energy Limited
GMR KAMALANGA GMR Kamalanga Energy Ltd.
IEX Indian Energy Exchange Limited
ILF&S Infrastructure Leasing & Financial Services Limited
J&K Jammu & Kashmir
JAYPEE NIGRIE Jaypee Nigrie Super Thermal Power Project
JINDAL POWER Jindal Power Limited
JINDAL STAGE-II Jindal Power Ltd Stage II
JITPL Jindal India Thermal Power Ltd.
JORETHANG
KARCHAM WANGTOO
Jorethang Loop Hydroelectric Power Project
Jaypee Karcham Hydro Corporation Limited
KORBA WEST POWER Korba West Power Company Limited
KSK MAHANADI KSK Mahanadi Power Ltd
LANKO BUDHIL LancoBudhil Hydro Power Private Limited
LANKOAMK LancoAmarkantak Power Private Limited
LANKOKONDAPALLY LancoKondapally Power Private Limited
LOKTAK Loktak Power Project
MALANA Malana Hydroelectric Plant
Maruti Coal Maruti Clean Coal and Power Limited
MB POWER MB Power Ltd
MEENAKSHI Meenakshi Energy Private Limited
MP Madhya Pradesh
MUs Million Units
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NEEPCO
NHPC STATIONS
North Eastern Electric Power Corporation Limited
National Hydro Electric Power Corporation Ltd. Stations
NLC Neyveli Lignite Corporation Limited
NTPC STATIONS National Thermal Power Corporation Ltd. Stations
NJPC Nathpa Jhakri Hydroelectric Power Station
NLDC National Load Despatch Centre
NSPCL NTPC - SAIL Power Company Private Limited
NVVN
NTECL Vallur
NTPC Vidyut Vyapar Nigam Limited
NTPC Tamilnadu Energy Company Limited Vallur
ONGC Platana ONGC Tripura Power Company
OTC Over The Counter
PX Power Exchange
PXIL Power Exchange India Limited
RANGIT HEP Rangit Hydro electric power project
REC Renewable Energy Certificate
RGPPL Ratnagiri Gas and Power Private Limited
RLDC Regional Load Despatch Centre
RTC Round The Clock
Sasan UMPP Sasan Ultra Mega Power Project
SEMBCORP Sembcorp Gayatri Power Ltd
SHREE CEMENT Shree Cement Limited
SIMHAPURI
SKS Power
Simhapuri Energy Private Limited
SKS Power Generation Chhatisgarh Limited
SPECTRUM Spectrum Power Generation Ltd
TEESTA STG3
TEESTA STG3 Hydro Power Project
1
Introduction
A well-functioning electricity market requires an effective market monitoring process.
As part of the market monitoring process, the monthly report on short-term transactions of
electricity, is being prepared and posted on the website of CERC since January 2008. Here,
“short-term transactions of electricity” refers to the contracts of less than one year period, for
electricity transacted (inter-State & intra-State) through inter-State Trading Licensees and
directly by the Distribution Licensees, Power Exchanges (Indian Energy Exchange Ltd (IEX)
and Power Exchange India Ltd (PXIL), and Deviation Settlement Mechanism (DSM). The
objectives of the report are: (i) to observe the trends in volume and price of the short-term
transactions of electricity; (ii) to analyse competition among the market players; (iii) to
analyse effect of congestion on volume of electricity transacted through power exchanges;
(iv) to analyse bilateral contracts executed by traders; (v) to provide information on volume
and price of Renewable Energy Certificates (RECs) transacted through power exchanges; and
(vi) to disclose/disseminate all relevant market information. The details of the report for the
month of January, 2018 are as under:
I: Volume of Short-term Transactions of Electricity
During January 2018, total electricity generation excluding generation from
renewable and captive power plants in India was 101202.97 MUs (Table-1).
Of the total electricity generation, 9689.53 MUs (9.57%) was transacted through
short-term, comprising of 4611.68 MUs (4.56%) through bilateral (through traders and term-
ahead contracts on power exchanges and directly between distribution companies), followed
by 3375.23 MUs (3.34%) through day ahead collective transactions on power exchanges
(IEX and PXIL) and 1702.62 MUs (1.68%) through DSM (Table-1 & Figure-2). There were
no collective transactions in PXIL.
Of the total short-term transactions, bilateral constitutes 47.59% (30.22% through
traders and term-ahead contracts on power exchanges and 17.38% directly between
distribution companies) followed by 34.83% through day ahead collective transactions on
power exchanges and 17.57% through DSM (Table-1 & Figure-1). Daily volume of short-
term transactions is shown in Table-17 & Figure-3.
2
The percentage share of electricity traded by each trading licensee in the total volume
of electricity traded by all the trading licensees is provided in Table-2 & Figure-4. The
volume of electricity transacted by the trading licensees includes bilateral transactions and the
transactions undertaken through power exchanges. There were 36 trading licensees as on
January, 2018. In January, 2018, 22 trading licensees were engaged in short term trading.
Top 5 trading licensees had a share of 77.44% in the total volume traded by all the licensees.
These are PTC India Ltd., NTPC Vidyut Vyapar Nigam Ltd., Mittal Processor (P) Ltd.,
Manikaran Power Ltd. and Arunachal Pradesh Power Corp. Pvt. Ltd.
Herfindahl-Hirschman Index (HHI) has been used for measuring the competition among
the trading licensees. Increase in the HHI generally indicates decrease in competition and
increase of market concentration, and vice versa. The HHI below 0.15 indicates non-
concentration, HHI between 0.15 and 0.25 indicates moderate concentration and HHI above
0.25 indicates high concentration. The HHI has been computed based on the volume of
electricity traded (inter-State & intra-State) by inter-State trading licensees, and it was 0.2025
for the month of January, 2018, which indicates moderate concentration of market power
(Table-2).
The volume of electricity transacted through IEX in the day ahead market was
3375.23 MUs. The volume of total buy bids and sell bids was 4450.27 MUs and 6642.14
MUs respectively in IEX while the same was 6.98 MUs and 53.50 MUs respectively in PXIL.
The variation in the volume of buy bids and sell bids placed through power exchanges shows
variation in the demand and supply position.
The volume of electricity transacted through IEX and PXIL in the term-ahead market
was 51.58 MUs and 35.39 MUs respectively (Table-6 & Table-7).
II: Price of Short-term Transactions of Electricity
(i) Price of electricity transacted through Traders: The minimum, maximum and
weighted average sale prices have been computed for the electricity transacted through
traders and the sale prices were `2.19/kWh, `6.40/kWh and `3.92/kWh respectively
(Table-3). The weighted average sale prices were also computed for the transactions during
3
Round the Clock (RTC), Peak and Off-peak periods separately, and the sale prices were
`4.18/kWh, `0.00/kWh, and `3.38/kWh respectively (Table-4).
(ii) Price of electricity transacted through Power Exchanges: The minimum,
maximum and weighted average prices have been computed for the electricity transacted
through IEX and PXIL separately. The minimum, maximum and weighted average prices
were `1.50/kWh, `5.85/kWh and `3.44/kWh respectively in IEX. No trade happened in
PXIL. (Table-5).
The price of electricity transacted through IEX and PXIL in the term-ahead market
was `4.19/kWh and `3.75/kWh respectively (Table-6 and Table-7).
(iii) Price of electricity transacted through DSM: The average deviation settlement
price was `2.12/kWh. The minimum and maximum deviation settlement prices were
`0.00/kWh and `7.20/kWh respectively (Table-8).
The prices of electricity transacted through trading licensees, power exchanges and
DSM and their comparison is shown in Table-18, Figure-5 & 6.
III: Volume of Short-term Transactions of Electricity (Regional Entity1-Wise)
Of the total bilateral transactions, top 5 regional entities sold 66.04% of the volume,
and these were Punjab, Haryana, Delhi, Sembcorp Gayatri Power Ltd. and West Bengal. Top
5 regional entities purchased 52.15% of the volume, and these were Jammu & Kashmir,
Tamil Nadu, Madhya Pradesh, Himachal Pradesh and Karnataka (Table-9 & 10).
Of the total power exchange transactions, top 5 regional entities sold 28.93% of the
volume, and these were Diligent Power Pvt. Ltd., Damodar Valley Corporation, Madhya
Pradesh, Telangana and TEESTA STG3 Hydro Power Project. Top 5 regional entities
purchased 54.40% of the volume, and these were Gujarat, Maharashtra, Bihar, Karnataka and
Rajasthan (Table-11 & 12).
1 In case of a state, the entities which are “selling” also include generators connected to state grid
and the entities which are “buying” also include open access consumers.
4
Of the total DSM transactions, top 5 regional entities underdrew 28.44% of the volume,
and these were NTPC Stations (Western region), Telangana, SKS Power, NTPC Stations
(Northern region) and Sasan Ultra Mega Power Project (Table-13). Top 5 regional entities
overdrew 30.04% of the volume, and these were Rajasthan, Uttar Pradesh, Tamil Nadu,
Odisha and Nepal (Table-14).
Regional entity-wise total volume of net short-term transactions of electricity i.e. volume
of net transactions through bilateral, power exchanges and DSM is shown in Table-15 & 19.
Top 5 electricity selling regional entities were Punjab, Sembcorp Gayatri Power Ltd., Delhi,
Haryana and Diligent Power Pvt. Ltd. Top 5 electricity purchasing regional entities were
Jammu & Kashmir, Gujarat, Tamil Nadu, Karnataka and Uttarakhand.
IV: Congestion2 on Inter-State Transmission Corridor for Day-Ahead Market on Power
Exchanges
Power Exchanges use a price discovery mechanism in which the aggregate demand
and supply are matched to arrive at an unconstrained market price and volume. This step
assumes that there is no congestion in the inter-State transmission system between different
regions. However, in reality, the system operator (NLDC) in coordination with RLDCs limits
the flow (due to congestion) in the inter-State transmission system. In such a situation, power
exchanges adopt a mechanism called “Market Splitting”3.
In the month of January 2018, congestion occurred only in IEX. The details of
congestion are shown in Table-16. The volume of electricity that could not be cleared due to
congestion and could not be transacted through power exchanges is the difference between
2 “Congestion” means a situation where the demand for transmission capacity exceeds the available
transfer capability
3“ Market Splitting” is a mechanism adopted by Power Exchange where the market is split in the
event of transmission congestion, into predetermined ( by NLDC) bid areas or zones, which are
cleared individually at their respective area prices such that the energy balance in every bid area is
reached based upon the demand and supply in individual bid areas and using the available
transmission corridor capacity between various bid areas simultaneously”
As a result of this market splitting the price of electricity in the importing region, where demand for
electricity is more than supply, becomes relatively higher than the price of electricity in the exporting
region.
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unconstrained cleared volume (volume of electricity that would have been scheduled, had
there been no congestion) and actual cleared volume.
During the month, the volume of electricity that could not be cleared in IEX due to
congestion was 0.34% of the unconstrained cleared volume. In terms of time, congestion
occurred was 4.91% in IEX. There was no congestion in PXIL (Table-16).
V: Bilateral Contracts executed by Traders
In addition to the analysis on short-term transactions of electricity in January, 2018,
this section covers an analysis of bilateral contracts executed in February, 2018.
(i) Duration of bilateral contracts: During February, 2018, a total of 77 bilateral
contracts (excluding banking/swap contracts) have been executed by traders for the volume
of 1746.53 MUs. Figure-7 shows the percentage of contracts categorized according to the
period of power supply. It can be observed from the figure that 50.6% of the bilateral
contracts were executed for duration of up to one week, 45.5% of the contracts were executed
for duration of more than a week and up to one month, 1.3% of the contracts were executed
for duration of more than a month and up to three months, while 2.6% of the contracts were
executed for duration of more than three months and upto 12 months.
During the month, 19 banking/swapping bilateral contracts were also executed for the
volume of 655.78 MUs.
(ii) Forward Curve based on price of bilateral contracts: A forward curve reflects
present day's expectation of prices for a future period. The forward curve of electricity prices
are based on sale prices of bilateral contracts executed by traders. The price of each contract
for each day is taken into consideration while constructing the forward curve. On the basis of
these prices, the weighted average price for each day is calculated using various sale prices of
contracts for delivery on that particular day.
Figure-8 represents the forward curve of electricity sale prices for the period from
1st February, 2018 to 27
th May, 2018 based on the bilateral contracts
4 executed till February,
2018. Forward curves have been drawn for the contracts executed in January, 2018 and
February, 2018 for the purpose of comparison. It is observed that forward contract prices are
significantly higher (for the period from 1st February 2018 to 26
th February 2018) for the
4Excluding Banking/Swapping contracts
6
contracts executed in February, 2018 compared to the contracts executed in January, 2018,
after which, the prices of both the contracts have been moving together.
VI: Volume and Price of Renewable Energy Certificates (RECs)
The concept of Renewable Energy Certificates (RECs) seeks to address mismatch
between availability of renewable energy and the requirement of the obligated entities to
meet their renewable purchase obligation by purchasing green attributes of renewable energy
remotely located in the form of RECs. The REC mechanism is a market based instrument, to
promote renewable sources of energy and development of electricity market.
One REC is equivalent to 1 MWh electricity injected into the grid from renewable
energy sources. The REC is exchanged only in the power exchanges approved by CERC
within the band of a floor price and forbearance (ceiling) price as notified by CERC from
time to time. The first REC trading was held on power exchanges in January, 2011.
Trading in Renewable Energy Certificates (RECs) which was stayed by the Supreme
Court in May 2017 has been allowed since July, 2017. However, the order restricted the
trading of non-solar RECs on the condition to comply with the earlier prices.
The details of REC transactions for the month of January, 2018 are shown in
Table-20. Market clearing volume of non-solar RECs transacted on IEX and PXIL were 1.82
lacs and 10.49 lacs respectively and the market clearing price of these RECs was
`1500/MWh on both the power exchanges.
The gap between the volume of buy and sell bids of RECs placed through power
exchanges shows about the variation in demand for non-solar RECs. For non-solar RECs, the
ratio of buy bids to sell bids was 0.08 and 0.31 in IEX and PXIL respectively.
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VII: Inferences:
The percentage of short-term transactions of electricity to total electricity generation
was 9.57%.
Of the total short-term transactions, bilateral constitutes 47.59% (30.22% through
traders and term-ahead contracts on power exchanges and 17.38% directly between
distribution companies) followed by 34.83% through day ahead collective
transactions on power exchanges and 17.57% through DSM (Table-1 & Figure-1).
There were no collective transactions in PXIL in January, 2018.
Top 5 trading licensees had a share of 77.44% in the total volume traded by all the
trading licensees.
The Herfindahl Hirschman Index computed for the volume of electricity traded by
trading licensees was 0.20, indicating moderate concentration of market power.
The weighted average price of electricity transacted through trading licensees was
`3.92/kWh. The weighted average prices of electricity transacted through IEX was
`3.44/kWh.
The average price of electricity transacted through DSM was `2.12/kWh.
Top 5 electricity selling regional entities were Punjab, Sembcorp Gayatri Power Ltd.,
Delhi, Haryana and Diligent Power Pvt. Ltd. Top 5 electricity purchasing regional
entities were Jammu & Kashmir, Gujarat, Tamil Nadu, Karnataka and Uttarakhand.
During the month, the volume of electricity that could not be cleared in IEX due to
congestion was 0.34% of the unconstrained cleared volume. In terms of time,
congestion occurred was 4.91% in IEX.
In February, 2018, 50.6% of the bilateral contracts were executed for duration of up to
one week, 45.5% of the contracts were executed for duration of more than a week and
up to one month, 1.3% of the contracts were executed for duration of more than a
month and up to three months, while 2.6% of the contracts were executed for duration
of more than three months and upto 12 months.
8
The forward curve of electricity sale prices for the period from 1st February, 2018 to
27th
May, 2018 based on the bilateral contracts5 executed till February, 2018 shows
that forward contract prices are significantly higher (for the period from 1st February
to 26th
February 2018) for the contracts executed in February, 2018 compared to the
contracts executed in January, 2018, after which, the prices of contracts in January
and February have been moving together.
Market clearing volume of non-solar RECs transacted on IEX and PXIL were 1.82
lacs and 10.49 lacs respectively and the market clearing price of these RECs was
`1500/MWh on both the power exchanges.
5Excluding Banking/Swapping contracts
9
Table-1: VOLUME OF SHORT-TERM TRANSACTIONS OF ELECTRICITY (ALL INDIA), JANUARY 2018
Sr.No Short-term transactions Volume (MUs) % to Volume of short-term transactions
% to Total Generation
1 Bilateral 4611.68 47.59 4.56
(i) Through Traders and PXs 2927.71 30.22 2.89
(ii) Direct 1683.97 17.38 1.66
2 Through Power Exchanges 3375.23 34.83 3.34
(i) IEX 3375.23 34.83 3.34
(ii) PXIL 0.00 0.00 0.00
3 Through DSM 1702.62 17.57 1.68
Total 9689.53 - 9.57
Total Generation 101202.97 - -
Source: NLDC
47.59%
34.83%
17.57%
Figure-1: Volume of Short-term Transactions of Electricity,
January 2018
Bilateral Power Exchanges DSM
90.43%
4.56% 3.34% 1.68%
Figure-2: Volume of Various Kinds of Electricity Transactions in
Total Electricity Generation, January 2018
Long-term Bilateral Through Power Exchanges Through DSM
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Figure-3: Volume of Short-term Transactions of Electricity,
January 2018 (Day-wise)
Bilateral Transactions PX Transactions DSM Transactions
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Table-2: PERCENTAGE SHARE OF ELECTRICITY TRANSACTED BY TRADING LICENSEES, JANUARY 2018
Sr.No Name of the Trading Licensee % Share in total
Volume transacted by Trading Licensees
Herfindahl-Hirschman
Index
1 PTC India Ltd. 39.69 0.1575
2 NTPC Vidyut Vyapar Nigam Ltd. 10.79 0.0116
3 Mittal Processors (P) Ltd. 10.64 0.0113
4 Manikaran Power Ltd. 10.17 0.0103
5 Arunachal Pradesh Power Corporation (P) ltd 6.17 0.0038
6 Tata Power Trading Company (P) Ltd. 5.77 0.0033
7 GMR Energy Trading Ltd. 5.21 0.0027
8 Jaiprakash Associates Ltd. 2.73 0.0007
9 Adani Enterprises Ltd. 1.88 0.0004
10 JSW Power Trading Company Ltd 1.76 0.0003
11 National Energy Trading & Services Ltd. 1.47 0.0002
12 Knowledge Infrastructure Systems (P) Ltd 1.18 0.0001
13 RPG Power Trading Company Ltd. 0.76 0.0001
14 Customized Energy Solutions India (P) Ltd. 0.39 0.0000
15 Shree Cement Ltd. 0.33 0.0000
16 Instinct Infra & Power Ltd. 0.31 0.0000
17 Statkraft Markets Pvt. Ltd. 0.31 0.0000
18 My Home Power Private Ltd. 0.22 0.0000
19 Essar Electric Power Development Corp. Ltd. 0.19 0.0000
20 Parshavanath Power Projects Private Limited 0.01 0.0000
21 Gita Power & Infrastructure Private Limited 0.01 0.0000
22 Phillip Commodities India (P) Ltd. 0.01 0.0000
TOTAL 100.00% 0.2025
Top 5 trading licensees 77.44% Note 1: Volume of electricity transacted by the trading licensees includes bilateral transactions (inter-state & intra-state) and the transactions undertaken through power exchanges.
Note 2: Volume of electricity transacted by Global Energy Ltd is not included.
Source: Information submitted by trading licensees
39.69
10.79 10.64
10.17
6.17
22.56
Figure 4: Percentage Share of Electricity Transacted by Trading
Licensees, January, 2018
PTC India Ltd.NTPC Vidyut Vyapar Nigam Ltd.Mittal Processors (P) Ltd.Manikaran Power Ltd.Arunachal Pradesh Power Corporation (P) ltdOthers
12
Table-3: PRICE OF ELECTRICITY TRANSACTED THROUGH TRADERS, JANUARY 2018
Sr.No Item Sale Price of Traders (`/kWh)
1 Minimum 2.19
2 Maximum 6.40
3 Weighted Average 3.92
Source: Information submitted by trading licensees
Table-4: PRICE OF ELECTRICITY TRANSACTED THROUGH TRADERS (TIME-WISE), JANUARY 2018
Sr.No Period of Trade Sale Price of Traders (`/kWh)
1 RTC 4.18
2 PEAK 0.00
3 OFF PEAK 3.38
Source: Information submitted by trading licensees
Table-5: PRICE OF ELECTRICITY TRANSACTED THROUGH POWER EXCHANGES, JANUARY 2018
Sr.No ACP Price in IEX (`/kWh) Price in PXIL (`/kWh)
1 Minimum 1.50 0.00
2 Maximum 5.85 0.00
3 Weighted Average 3.44 0.00
Source: Information submitted by IEX and PXIL
Table-6: VOLUME AND PRICE OF ELECTRICITY IN TERM AHEAD MARKET OF IEX,
JANUARY 2018
Sr.No Term ahead contracts Actual Scheduled
Volume (MUs) Weighted Average
Price (`/kWh)
1 Intra-Day Contracts 33.44 4.22
2 Day Ahead Contingency Contracts
18.15 4.14
Total 51.58 4.19
Source: IEX
Table-7: VOLUME AND PRICE OF ELECTRICITY IN TERM AHEAD MARKET OF PXIL,
JANUARY 2018
Sr.No Term ahead contracts Actual Scheduled
Volume (MUs) Weighted Average
Price (`/kWh)
1 Intra-Day Contracts 13.79 3.98
2 Weekly Contracts 21.60 3.60
Total 35.39 3.75
Source: PXIL
Table-8: PRICE OF ELECTRICITY TRANSACTED THROUGH DSM, JANUARY 2018
Sr.No Item Price in All India Grid (`/kWh)
1 Minimum 0.00
2 Maximum 7.20
3 Average 2.12
Source: NLDC
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Figure-5: Price of Short-term Transactions of Electricity,
January 2018
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Pri
ce (`/k
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)
Figure-6: Price of Short-term Transactions of Electricity,
January 2018 (Day-wise)
IEX DSM
14
Table-9: VOLUME OF ELECTRICITY SOLD THROUGH BILATERAL, JANUARY 2018
Name of the Entity Volume of Sale (MUs) % of Volume
PUNJAB 1080.57 23.20
HARYANA 628.89 13.50
DELHI 606.54 13.02
SEMBCORP 547.91 11.77
WEST BENGAL 211.51 4.54
ESSAR POWER 173.85 3.73
GMR CHATTISGARH 150.19 3.23
JINDAL POWER 147.50 3.17
RAJASTHAN 109.71 2.36
ADHUNIK POWER LTD 94.64 2.03
GUJARAT 77.99 1.67
SHREE CEMENT 71.08 1.53
JINDAL STAGE-II 68.06 1.46
JAYPEE NIGRIE 64.92 1.39
DB POWER 50.63 1.09
JITPL 48.53 1.04
ONGC PALATANA 48.36 1.04
MB POWER 47.09 1.01
SKS POWER 41.91 0.90
ANDHRA PRADESH 38.10 0.82
TELANGANA 34.54 0.74
DAGACHU 27.97 0.60
HIMACHAL PRADESH 27.35 0.59
DVC 27.28 0.59
ILF&S 25.08 0.54
MAHARASHTRA 23.21 0.50
MP 20.02 0.43
KARNATAKA 18.70 0.40
TRN ENERGY 15.33 0.33
J & K 14.78 0.32
UTTAR PRADESH 12.47 0.27
CHANDIGARH 11.16 0.24
ASSAM 10.54 0.23
SPECTRUM 10.28 0.22
JHABUA POWER_MP 8.99 0.19
MEGHALAYA 8.42 0.18
ACBIL 7.57 0.16
SIKKIM 7.50 0.16
TRIPURA 7.15 0.15
GOA 5.32 0.11
LANKO_AMK 5.08 0.11
TAMIL NADU 5.01 0.11
BALCO 4.02 0.09
TEESTA STG3 2.25 0.05
NAGALAND 2.24 0.05
ODISHA 2.16 0.05
MIZORAM 1.44 0.03
THERMAL POWERTECH 1.40 0.03
GMR KAMALANGA 0.71 0.02
MARUTI COAL 0.54 0.01
KERALA 0.22 0.00
Total 4656.88 100.00
Volume Sold by top 5 Regional Entities 3075.42 66.04
15
Table-10: VOLUME OF ELECTRICITY PURCHASED THROUGH BILATERAL, JANUARY 2018
Name of the Entity Volume of Purchase
(MUs) % of Volume
J & K 610.08 13.23
TAMIL NADU 484.75 10.51
MP 456.91 9.91
HIMACHAL PRADESH 428.37 9.29
KARNATAKA 424.67 9.21
TELANGANA 308.54 6.69
UTTARAKHAND 300.69 6.52
ANDHRA PRADESH 264.22 5.73
GUJARAT 187.08 4.06
ESSAR STEEL 167.84 3.64
MAHARASHTRA 122.76 2.66
ASSAM 107.53 2.33
BANGLADESH 106.09 2.30
JHARKHAND 94.64 2.05
NEPAL(NVVN) 89.06 1.93
BIHAR 77.47 1.68
CHHATTISGARH 63.86 1.38
RAJASTHAN 51.68 1.12
ODISHA 46.90 1.02
MEGHALAYA 44.33 0.96
UTTAR PRADESH 36.56 0.79
DELHI 30.20 0.65
KERALA 27.90 0.60
MANIPUR 26.15 0.57
GOA 21.81 0.47
SIKKIM 12.55 0.27
HARYANA 10.51 0.23
PUNJAB 4.40 0.10
WEST BENGAL 3.03 0.07
DVC 0.60 0.01
MIZORAM 0.48 0.01
TRIPURA 0.03 0.00
TOTAL 4611.68 100.00
Volume Purchased by top 5 Regional Entities
2404.79 52.15
16
Table-11: VOLUME OF ELECTRICITY SOLD THROUGH POWER EXCHANGES, JANUARY 2018
Name of the Entity Volume of Sale (MUs) % of Volume
DB POWER 261.29 7.74
DVC 214.91 6.37
MP 188.50 5.58
TELANGANA 171.04 5.07
TEESTA STG3 140.63 4.17
NLC 140.46 4.16
SEMBCORP 116.98 3.47
KARNATAKA 114.55 3.39
DELHI 110.40 3.27
WEST BENGAL 107.10 3.17
CHHATTISGARH 105.55 3.13
MAHARASHTRA 93.02 2.76
ANDHRA PRADESH 87.35 2.59
GUJARAT 85.20 2.52
PUNJAB 81.97 2.43
JAYPEE NIGRIE 75.06 2.22
MB POWER 70.68 2.09
ODISHA 69.97 2.07
THERMAL POWERTECH 69.90 2.07
ASSAM 68.13 2.02
JINDAL POWER 63.88 1.89
HARYANA 60.23 1.78
HIMACHAL PRADESH 59.18 1.75
TRIPURA 57.18 1.69
JINDAL STAGE-II 50.68 1.50
TRN ENERGY 50.29 1.49
RAJASTHAN 47.39 1.40
UTTAR PRADESH 46.20 1.37
ACBIL 44.95 1.33
NTPC STATIONS-WR 40.25 1.19
KERALA 39.77 1.18
SKS POWER 35.43 1.05
JITPL 32.54 0.96
J & K 30.89 0.92
KARCHAM WANGTOO 29.53 0.88
GOA 27.45 0.81
GMR CHATTISGARH 25.88 0.77
NTPC STATIONS-SR 20.66 0.61
SPECTRUM 19.42 0.58
MIZORAM 18.41 0.55
MANIPUR 16.34 0.48
TAMIL NADU 16.05 0.48
DADRA & NAGAR HAVELI 15.04 0.45
SHREE CEMENT 14.33 0.42
MARUTI COAL 11.06 0.33
ESSAR POWER 10.92 0.32
AD HYDRO 10.64 0.32
SIKKIM 10.12 0.30
SAINJ HEP 9.02 0.27
CHUZACHEN HEP 8.67 0.26
17
TASHIDENG HEP 8.43 0.25
UTTARAKHAND 8.14 0.24
NTPC STATIONS-NER 7.88 0.23
JORETHANG 7.83 0.23
DIKCHU HEP 6.29 0.19
MEGHALAYA 5.75 0.17
JHABUA POWER_MP 5.38 0.16
MAITHON POWER LTD 5.06 0.15
NJPC 4.51 0.13
ILF&S 3.39 0.10
NTPC STATIONS-NR 3.28 0.10
BIHAR 3.17 0.09
CHANDIGARH 2.72 0.08
NTPC STATIONS-ER 2.54 0.08
GMR KAMALANGA 2.06 0.06
DHARIWAL POWER 1.33 0.04
EMCO 0.83 0.02
MALANA 0.66 0.02
LANCO BUDHIL 0.58 0.02
ONGC PALATANA 0.29 0.01
TOTAL 3375.23 100.00
Volume sold by top 5 Regional Entities 976.37 28.93
18
Table-12: VOLUME OF ELECTRICITY PURCHASED THROUGH POWER EXCHANGES, JANUARY 2018
Name of the Entity Volume of Purchase
(MUs) % of Volume
GUJARAT 583.99 17.30
MAHARASHTRA 413.20 12.24
BIHAR 359.49 10.65
KARNATAKA 250.85 7.43
RAJASTHAN 228.56 6.77
UTTARAKHAND 211.51 6.27
TELANGANA 199.00 5.90
ANDHRA PRADESH 166.40 4.93
J & K 143.23 4.24
ESSAR STEEL 129.21 3.83
WEST BENGAL 94.85 2.81
MP 80.64 2.39
ODISHA 80.57 2.39
TAMIL NADU 75.52 2.24
HARYANA 68.92 2.04
DELHI 63.70 1.89
ASSAM 61.31 1.82
HIMACHAL PRADESH 37.88 1.12
DAMAN AND DIU 25.28 0.75
KERALA 24.61 0.73
MEGHALAYA 13.96 0.41
GOA 10.60 0.31
CHHATTISGARH 9.44 0.28
DVC 8.75 0.26
CHANDIGARH 8.68 0.26
DADRA & NAGAR HAVELI 6.28 0.19
PONDICHERRY 5.28 0.16
PUNJAB 4.93 0.15
ARUNACHAL PRADESH 3.98 0.12
NAGALAND 2.58 0.08
MANIPUR 1.36 0.04
TRIPURA 0.68 0.02
TOTAL 3375.23 100.00
Volume purchased by top 5 Regional Entities
1836.09 54.40
19
Table-13: VOLUME OF ELECTRICITY UNDER DRAWAL (EXPORTED) THROUGH DSM, JANUARY 2018
Name of the Entity Volume of Underdrawal
(MUs) % of Volume
NTPC STATIONS-WR 117.05 7.52
TELANGANA 106.16 6.82
SKS POWER 78.73 5.06
NTPC STATIONS-NR 73.58 4.73
SASAN UMPP 67.05 4.31
NLC 64.27 4.13
MP 61.40 3.95
MAHARASHTRA 59.06 3.79
KARNATAKA 54.18 3.48
GUJARAT 52.36 3.36
ANDHRA PRADESH 47.94 3.08
PUNJAB 47.28 3.04
BIHAR 43.77 2.81
UTTARAKHAND 43.09 2.77
DVC 42.79 2.75
CHHATTISGARH 41.94 2.70
NHPC STATIONS 33.52 2.15
TAMIL NADU 31.94 2.05
NTPC STATIONS-ER 29.41 1.89
UTTAR PRADESH 27.30 1.75
NTPC STATIONS-SR 26.32 1.69
DELHI 24.83 1.60
RAJASTHAN 22.34 1.44
J & K 21.35 1.37
ESSAR STEEL 21.21 1.36
HARYANA 20.69 1.33
LANKO_AMK 17.98 1.16
NSPCL 12.57 0.81
PONDICHERRY 12.39 0.80
NEPAL(NVVN) 11.76 0.76
JHARKHAND 9.47 0.61
HIMACHAL PRADESH 8.95 0.57
JAYPEE NIGRIE 8.90 0.57
KSK MAHANADI 8.26 0.53
MEGHALAYA 7.50 0.48
WEST BENGAL 7.49 0.48
TRN ENERGY 7.32 0.47
MB POWER 7.22 0.46
JINDAL STAGE-II 7.14 0.46
JITPL 6.93 0.45
ACBIL 6.78 0.44
MIZORAM 6.65 0.43
NEEPCO STATIONS 6.61 0.42
DB POWER 6.46 0.41
NJPC 6.42 0.41
ASSAM 6.41 0.41
TEESTA HEP 6.36 0.41
SIKKIM 6.32 0.41
KARCHAM WANGTOO 6.06 0.39
ODISHA 6.01 0.39
20
THERMAL POWERTECH 5.30 0.34
GOA 5.29 0.34
CGPL 5.13 0.33
EMCO 5.04 0.32
KERALA 4.55 0.29
JINDAL POWER 4.52 0.29
CHANDIGARH 4.46 0.29
MAITHON POWER LTD 4.12 0.26
TRIPURA 3.89 0.25
DCPP 3.60 0.23
MANIPUR 3.41 0.22
GMR CHATTISGARH 3.39 0.22
BALCO 3.33 0.21
GMR KAMALANGA 3.28 0.21
SEMBCORP 3.14 0.20
JHABUA POWER_MP 2.97 0.19
BANGLADESH 2.96 0.19
NAGALAND 2.83 0.18
TEESTA STG3 2.65 0.17
RGPPL (DABHOL) 2.38 0.15
URI-2 2.10 0.13
ESSAR POWER 1.99 0.13
ADHUNIK POWER LTD 1.77 0.11
COASTGEN 1.52 0.10
SHREE CEMENT 1.49 0.10
ILF&S 1.34 0.09
RANGIT HEP 1.34 0.09
RANGANADI HEP 1.21 0.08
DAMAN AND DIU 1.04 0.07
ARUNACHAL PRADESH 0.97 0.06
AD HYDRO 0.96 0.06
DHARIWAL POWER 0.94 0.06
NETCL VALLUR 0.87 0.06
JORETHANG 0.85 0.05
CHUZACHEN HEP 0.79 0.05
LOKTAK 0.73 0.05
TASHIDENG HEP 0.61 0.04
DADRA & NAGAR HAVELI 0.47 0.03
RKM POWER 0.41 0.03
DIKCHU HEP 0.35 0.02
DOYANG HEP 0.34 0.02
LANCO BUDHIL 0.24 0.02
MALANA 0.05 0.00
Total 1556.14 100.00
Volume Exported by top 5 Regional Entities
442.58 28.44
21
Table-14: VOLUME OF ELECTRICITY OVER DRAWAL (IMPORTED) THROUGH DSM, JANUARY 2018
Name of the Entity Volume of Over drawal
(MUs) % of Volume
RAJASTHAN 135.38 7.75
UTTAR PRADESH 106.26 6.08
TAMIL NADU 102.27 5.85
ODISHA 98.83 5.66
NEPAL(NVVN) 82.11 4.70
HARYANA 78.47 4.49
NTPC STATIONS-NR 74.94 4.29
GUJARAT 68.04 3.89
MAHARASHTRA 65.89 3.77
WEST BENGAL 56.51 3.23
NTPC STATIONS-WR 54.44 3.12
MP 46.73 2.67
BIHAR 46.68 2.67
NTPC STATIONS-SR 45.95 2.63
NTPC STATIONS-ER 42.70 2.44
PUNJAB 42.47 2.43
HIMACHAL PRADESH 38.74 2.22
JHARKHAND 33.27 1.90
KARNATAKA 32.42 1.86
ANDHRA PRADESH 31.88 1.82
DADRA & NAGAR HAVELI 26.01 1.49
KERALA 23.67 1.35
ESSAR STEEL 23.18 1.33
ASSAM 22.23 1.27
CGPL 21.20 1.21
J & K 20.40 1.17
DAMAN AND DIU 18.20 1.04
UTTARAKHAND 16.65 0.95
NETCL VALLUR 16.32 0.93
DELHI 16.12 0.92
NLC 15.80 0.90
DVC 15.24 0.87
ARUNACHAL PRADESH 14.89 0.85
GOA 12.84 0.73
DAGACHU 12.47 0.71
CHHATTISGARH 12.21 0.70
SEMBCORP 11.29 0.65
THERMAL POWERTECH 9.88 0.57
TELANGANA 9.07 0.52
CHANDIGARH 9.01 0.52
GMR KAMALANGA 8.35 0.48
BALCO 7.84 0.45
MB POWER 7.32 0.42
TRIPURA 7.28 0.42
BANGLADESH 6.66 0.38
ILF&S 6.20 0.36
SHREE CEMENT 4.73 0.27
JHABUA POWER_MP 4.73 0.27
JINDAL STAGE-II 4.68 0.27
NAGALAND 3.97 0.23
22
NJPC 3.87 0.22
GMR CHATTISGARH 3.65 0.21
KARCHAM WANGTOO 3.45 0.20
RGPPL (DABHOL) 3.37 0.19
MAITHON POWER LTD 3.16 0.18
ESSAR POWER 3.15 0.18
TEESTA STG3 3.02 0.17
MEENAKSHI 2.96 0.17
EMCO 2.76 0.16
NHPC STATIONS 2.73 0.16
JITPL 2.58 0.15
DB POWER 2.47 0.14
RKM POWER 2.26 0.13
JAYPEE NIGRIE 2.14 0.12
NSPCL 2.12 0.12
JINDAL POWER 1.88 0.11
SIKKIM 1.88 0.11
MANIPUR 1.87 0.11
JORETHANG 1.76 0.10
COASTGEN 1.70 0.10
PONDICHERRY 1.66 0.09
MEGHALAYA 1.64 0.09
ACBIL 1.58 0.09
TRN ENERGY 1.55 0.09
TASHIDENG HEP 1.44 0.08
ADHUNIK POWER LTD 1.44 0.08
RANGANADI HEP 1.44 0.08
NEEPCO STATIONS 1.04 0.06
MIZORAM 1.00 0.06
DGEN MEGA POWER 0.97 0.06
LANKO KONDAPALLI 0.83 0.05
SIMHAPURI 0.77 0.04
SASAN UMPP 0.75 0.04
AD HYDRO 0.71 0.04
CHUZACHEN HEP 0.61 0.04
RANGIT HEP 0.60 0.03
LANCO BUDHIL 0.57 0.03
SKS POWER 0.55 0.03
DCPP 0.53 0.03
DIKCHU HEP 0.35 0.02
DOYANG HEP 0.35 0.02
URI-2 0.32 0.02
KORBA WEST POWER 0.28 0.02
DHARIWAL POWER 0.28 0.02
LOKTAK 0.17 0.01
KSK MAHANADI 0.14 0.01
MALANA 0.14 0.01
TEESTA HEP 0.07 0.00
LANKO_AMK 0.01 0.00
TOTAL 1746.97 100.00
Volume Imported by top 5 Regional Entities
524.84 30.04
23
Table-15: TOTAL VOLUME OF NET SHORT-TERM TRANSACTIONS OF ELECTRICITY (REGIONAL ENTITY-WISE), JANUARY 2018
Sr.No. Name of the Entity Total volume of net short-term
transactions of electricity*
1 J & K 706.68
2 GUJARAT 623.55
3 TAMIL NADU 609.53
4 KARNATAKA 520.52
5 UTTARAKHAND 477.62
6 BIHAR 436.70
7 MAHARASHTRA 426.56
8 HIMACHAL PRADESH 409.52
9 MP 314.36
10 ESSAR STEEL 299.02
11 ANDHRA PRADESH 289.11
12 RAJASTHAN 236.17
13 TELANGANA 204.86
14 NEPAL(NVVN) 159.40
15 ODISHA 148.15
16 JHARKHAND 118.43
17 BANGLADESH 109.79
18 ASSAM 105.99
19 UTTAR PRADESH 56.86
20 DAMAN AND DIU 42.45
21 MEGHALAYA 38.27
22 KERALA 31.63
23 ARUNACHAL PRADESH 17.90
24 DADRA & NAGAR HAVELI 16.62
25 CGPL 16.07
26 NETCL VALLUR 15.45
27 NTPC STATIONS-ER 10.75
28 MANIPUR 9.62
29 GOA 7.19
30 MEENAKSHI 2.96
31 GMR KAMALANGA 2.30
32 RKM POWER 1.85
33 NAGALAND 1.48
34 RGPPL (DABHOL) 0.99
35 DGEN MEGA POWER 0.97
36 LANKO KONDAPALLI 0.83
37 SIMHAPURI 0.77
38 MALANA -0.57
39 CHANDIGARH -0.65
40 RANGIT HEP -0.74
41 NTPC STATIONS-SR -1.03
42 URI-2 -1.78
43 NTPC STATIONS-NR -1.93
44 DHARIWAL POWER -1.99
45 DCPP -3.07
46 EMCO -3.10
47 PONDICHERRY -5.45
48 NEEPCO STATIONS -5.56
49 MAITHON POWER LTD -6.02
50 DIKCHU HEP -6.29
24
51 TEESTA HEP -6.29
52 JORETHANG -6.92
53 NJPC -7.06
54 TASHIDENG HEP -7.60
55 NTPC STATIONS-NER -7.88
56 KSK MAHANADI -8.12
57 CHUZACHEN HEP -8.85
58 SAINJ HEP -9.02
59 SIKKIM -9.51
60 NSPCL -10.45
61 AD HYDRO -10.89
62 MARUTI COAL -11.60
63 JHABUA POWER_MP -12.61
64 DAGACHU -15.50
65 LANKO_AMK -23.05
66 ILF&S -23.61
67 MIZORAM -25.02
68 SPECTRUM -29.70
69 NHPC STATIONS -30.79
70 KARCHAM WANGTOO -32.14
71 ONGC PALATANA -48.65
72 ACBIL -57.72
73 TRIPURA -60.24
74 CHHATTISGARH -61.98
75 SASAN UMPP -66.30
76 THERMAL POWERTECH -66.73
77 TRN ENERGY -71.38
78 SHREE CEMENT -82.16
79 JITPL -85.41
80 ADHUNIK POWER LTD -94.96
81 NTPC STATIONS-WR -102.86
82 MB POWER -117.67
83 JINDAL STAGE-II -121.21
84 TEESTA STG3 -142.51
85 JAYPEE NIGRIE -146.74
86 SKS POWER -155.52
87 WEST BENGAL -171.69
88 GMR CHATTISGARH -175.82
89 ESSAR POWER -183.62
90 NLC -188.93
91 JINDAL POWER -214.02
92 DVC -260.40
93 DB POWER -315.90
94 HARYANA -551.91
95 DELHI -631.74
96 SEMBCORP -656.74
97 PUNJAB -1158.03
* Total volume of net short-term transactions of electricity includes net of transactions of electricity through bilateral, power exchange and UI
(-) indicates sale and (+) indicates purchase
25
Table-16: DETAILS OF CONGESTION IN POWER EXCHANGES, JANUARY 2018
Details of Congestion IEX
A Unconstrained Cleared Volume* (MUs) 3389.22
B Actual Cleared Volume and hence scheduled (MUs) 3377.79
C Volume of electricity that could not be cleared and hence not scheduled because of congestion (MUs) (A-B)
11.43
D Volume of electricity that could not be cleared as % to Unconstrained Cleared Volume
0.34%
E Percentage of the time congestion occurred during the month (Number of hours congestion occurred/Total number of hours in the month)
4.91%
F Congestion occurrence (%) time block wise
0.00 - 6.00 hours 2.74%
6.00 - 12.00 hours 50.68%
12.00 - 18.00 hours 17.81%
18.00 - 24.00 hours 28.77%
* This power would have been scheduled had there been no congestion.
Source: IEX & PXIL& NLDC
Note: There were no collective transactions in PXIL in January, 2018.
26
Table-17: VOLUME OF SHORT-TERM TRANSACTIONS OF ELECTRICITY IN INDIA (DAY-WISE) (MUs), JANUARY 2018
Date
Bilateral
Power Exchange (Area Clearing
Volume# of Day Ahead Market)
Deviation Settlement
(Over Drawl+Under Generation)
Total Electricity Generation
(MU) as given at CEA
Website*
Through Traders
and PXs** Direct IEX PXIL
1-Jan-18 78.58 48.50 106.44 0.00 63.53
2-Jan-18 85.28 54.54 100.76 0.00 56.72
3-Jan-18 85.26 55.36 100.22 0.00 52.73
4-Jan-18 86.81 55.43 98.01 0.00 55.05
5-Jan-18 85.78 55.93 109.05 0.00 55.78
6-Jan-18 88.56 55.96 104.02 0.00 53.40
7-Jan-18 91.58 60.90 102.06 0.00 50.98
8-Jan-18 89.04 61.58 103.71 0.00 55.12
9-Jan-18 88.93 58.92 106.31 0.00 52.83
10-Jan-18 88.47 53.47 102.62 0.00 54.02
11-Jan-18 97.90 50.05 108.45 0.00 54.98
12-Jan-18 87.30 51.77 116.79 0.00 53.48
13-Jan-18 83.04 48.41 121.58 0.00 52.69
14-Jan-18 78.37 49.33 104.64 0.00 56.43
15-Jan-18 83.02 48.11 113.50 0.00 56.01
16-Jan-18 85.00 52.59 120.89 0.00 50.66
17-Jan-18 99.04 52.57 114.84 0.00 52.25
18-Jan-18 101.63 53.11 109.29 0.00 55.47
19-Jan-18 97.37 60.69 113.90 0.00 56.92
20-Jan-18 96.43 51.16 106.05 0.00 54.79
21-Jan-18 94.18 59.43 97.82 0.00 53.06
22-Jan-18 97.35 57.21 100.88 0.00 51.01
23-Jan-18 95.87 57.15 108.03 0.00 55.51
24-Jan-18 99.27 52.17 116.49 0.00 52.47
25-Jan-18 102.86 52.94 113.07 0.00 55.02
26-Jan-18 98.01 52.73 104.23 0.00 58.14
27-Jan-18 96.80 54.64 117.06 0.00 54.99
28-Jan-18 106.30 53.51 108.30 0.00 56.14
29-Jan-18 123.71 54.76 115.73 0.00 57.47
30-Jan-18 118.75 56.38 115.40 0.00 59.55
31-Jan-18 117.22 54.66 115.11 0.00 55.42
Total 2927.71 1683.97 3375.23 0.00 1702.62 101202.97
Source: NLDC
* Gross Electricity Generation excluding electricity generation from renewables and captive power plants.
** The volume of bilateral through PXs represents the volume through term-ahead contracts.
# Area Clearing Volume represents the scheduled volume of all the bid areas.
Note: The data on total electricity generation (day-wise) could not be accessed from CEA website.
27
Table-18: PRICE OF SHORT-TERM TRANSACTIONS OF ELECTRICITY (DAY-WISE)(`/kWh), JANUARY, 2018
Market Segment
Day ahead market of IEX Under Drawl/Over Drawl from the
Grid (DSM)
Date Minimum
ACP Maximum
ACP Weighted
Average Price*
All India Grid
Minimum Price
Maximum Price
Average Price**
1-Jan-18 1.75 5.25 3.43 0.00 7.20 1.73
2-Jan-18 1.50 4.67 3.18 0.00 5.32 2.24
3-Jan-18 1.70 5.40 3.46 0.00 5.11 2.51
4-Jan-18 1.70 5.50 3.49 0.00 5.95 2.55
5-Jan-18 1.50 5.47 3.49 0.00 6.36 2.54
6-Jan-18 1.75 5.85 3.49 0.00 5.11 2.26
7-Jan-18 1.85 5.00 3.24 0.00 5.11 1.94
8-Jan-18 1.85 5.69 3.64 0.00 3.45 1.68
9-Jan-18 1.85 4.50 3.30 0.00 3.45 1.80
10-Jan-18 1.87 4.60 3.12 0.00 4.91 1.85
11-Jan-18 1.80 4.50 3.22 0.00 5.32 2.25
12-Jan-18 1.80 5.30 3.53 0.00 5.32 2.60
13-Jan-18 1.92 5.25 3.42 0.00 4.91 2.07
14-Jan-18 1.84 4.51 3.12 0.00 3.45 1.77
15-Jan-18 1.80 5.25 3.58 0.00 3.45 1.79
16-Jan-18 1.75 5.25 3.61 0.00 3.45 2.26
17-Jan-18 1.92 5.25 3.55 0.00 4.91 2.46
18-Jan-18 1.92 5.62 3.85 0.00 6.16 1.89
19-Jan-18 1.92 5.69 3.61 0.00 3.45 1.89
20-Jan-18 1.92 4.50 3.33 0.00 3.45 1.93
21-Jan-18 1.75 4.40 3.05 0.00 3.24 1.58
22-Jan-18 1.80 4.90 3.52 0.00 5.32 2.15
23-Jan-18 1.79 5.25 3.61 0.00 5.32 2.34
24-Jan-18 1.80 5.78 3.68 0.00 4.91 2.38
25-Jan-18 1.92 5.85 3.65 0.00 6.16 2.74
26-Jan-18 1.92 5.25 3.15 0.00 3.45 2.02
27-Jan-18 1.92 5.49 3.74 0.00 5.11 2.18
28-Jan-18 2.00 5.00 3.14 0.00 3.45 1.94
29-Jan-18 1.92 5.12 3.46 0.00 3.45 2.11
30-Jan-18 1.92 5.00 3.43 0.00 4.91 2.10
31-Jan-18 1.80 5.00 3.43 0.00 5.74 1.99
1.50# 5.85# 3.44 0.00# 7.20# 2.12
Source: Data on price of PX transactions from IEX and PXIL and data on DSM Price from NLDC.
* Weighted average price computed based on Area Clearing Volume (ACV) and Area Clearing Price (ACP) for each hour of the day. Here, ACV and ACP represent the scheduled volume and weighted average price of all the bid areas of power exchanges.
** Simple average price of DSM of 96 time blocks of 15 minutes each in a day. DSM price includes Ceiling DSM Rate +40% additional DSM charge.
# Maximum/Minimum in the month
Note: There were no collective transactions in PXIL in January, 2018.
28
Table-19: VOLUME OF SHORT-TERM TRANSACTIONS OF ELECTRICITY (REGIONAL ENTITY*-WISE) (MUs), JANUARY 2018
Name of the Entity
Through Bilateral Through Power
Exchange Through DSM with
Regional Grid Total Net***
Sale Pur-
chase Net** Sale
Pur-chase
Net** Import (Over Drawl)
Export (Under Drawl)
Net**
PUNJAB 1080.57 4.40 -1076.17 81.97 4.93 -77.05 42.47 47.28 -4.81 -1158.03
HARYANA 628.89 10.51 -618.39 60.23 68.92 8.70 78.47 20.69 57.78 -551.91
RAJASTHAN 109.71 51.68 -58.03 47.39 228.56 181.17 135.38 22.34 113.04 236.17
DELHI 606.54 30.20 -576.34 110.40 63.70 -46.69 16.12 24.83 -8.71 -631.74
UP 12.47 36.56 24.09 46.20 0.00 -46.20 106.26 27.30 78.96 56.86
UTTARAKHAND 0.00 300.69 300.69 8.14 211.51 203.37 16.65 43.09 -26.44 477.62
HP 27.35 428.37 401.02 59.18 37.88 -21.30 38.74 8.95 29.79 409.52
J & K 14.78 610.08 595.30 30.89 143.23 112.34 20.40 21.35 -0.95 706.68
MP 20.02 456.91 436.90 188.50 80.64 -107.86 46.73 61.40 -14.67 314.36
MAHARASHTRA 23.21 122.76 99.55 93.02 413.20 320.18 65.89 59.06 6.83 426.56
GUJARAT 77.99 187.08 109.09 85.20 583.99 498.79 68.04 52.36 15.68 623.55
CHHATTISGARH 0.00 63.86 63.86 105.55 9.44 -96.11 12.21 41.94 -29.73 -61.98
GOA 5.32 21.81 16.49 27.45 10.60 -16.85 12.84 5.29 7.55 7.19
DAMAN & DIU 0.00 0.00 0.00 0.00 25.28 25.28 18.20 1.04 17.17 42.45
D&N HAVELI 0.17 0.00 -0.17 15.04 6.28 -8.76 26.01 0.47 25.54 16.62
AP 38.10 264.22 226.12 87.35 166.40 79.05 31.88 47.94 -16.06 289.11
KARNATAKA 18.70 424.67 405.97 114.55 250.85 136.30 32.42 54.18 -21.76 520.52
KERALA 0.22 27.90 27.68 39.77 24.61 -15.16 23.67 4.55 19.11 31.63
TAMIL NADU 5.01 484.75 479.74 16.05 75.52 59.47 102.27 31.94 70.33 609.53
PONDICHERRY 0.00 0.00 0.00 0.00 5.28 5.28 1.66 12.39 -10.73 -5.45
TELANGANA 34.54 308.54 274.00 171.04 199.00 27.95 9.07 106.16 -97.09 204.86
WEST BENGAL 211.51 3.03 -208.47 107.10 94.85 -12.24 56.51 7.49 49.03 -171.69
ODISHA 2.16 46.90 44.74 69.97 80.57 10.59 98.83 6.01 92.82 148.15
BIHAR 0.00 77.47 77.47 3.17 359.49 356.32 46.68 43.77 2.91 436.70
JHARKHAND 0.00 94.64 94.64 0.00 0.00 0.00 33.27 9.47 23.79 118.43
SIKKIM 7.50 12.55 5.05 10.12 0.00 -10.12 1.88 6.32 -4.44 -9.51
DVC 27.28 0.60 -26.68 214.91 8.75 -206.17 15.24 42.79 -27.55 -260.40
ARUNACHAL P 0.00 0.00 0.00 0.00 3.98 3.98 14.89 0.97 13.92 17.90
ASSAM 10.54 107.53 96.99 68.13 61.31 -6.82 22.23 6.41 15.82 105.99
MANIPUR 0.00 26.15 26.15 16.34 1.36 -14.98 1.87 3.41 -1.54 9.62
MEGHALAYA 8.42 44.33 35.91 5.75 13.96 8.22 1.64 7.50 -5.86 38.27
MIZORAM 1.44 0.48 -0.96 18.41 0.00 -18.41 1.00 6.65 -5.66 -25.02
NAGALAND 2.24 0.00 -2.24 0.00 2.58 2.58 3.97 2.83 1.14 1.48
TRIPURA 7.15 0.03 -7.12 57.18 0.68 -56.50 7.28 3.89 3.39 -60.24
NTPC -NR 0.00 0.00 0.00 3.28 0.00 -3.28 74.94 73.58 1.35 -1.93
NHPC STN 0.00 0.00 0.00 0.00 0.00 0.00 2.73 33.52 -30.79 -30.79
NJPC 0.00 0.00 0.00 4.51 0.00 -4.51 3.87 6.42 -2.55 -7.06
AD HYDRO 0.00 0.00 0.00 10.64 0.00 -10.64 0.71 0.96 -0.25 -10.89
KARCHAM WA 0.00 0.00 0.00 29.53 0.00 -29.53 3.45 6.06 -2.61 -32.14
SHREE CEMEN 71.08 0.00 -71.08 14.33 0.00 -14.33 4.73 1.49 3.25 -82.16
URI-2 0.00 0.00 0.00 0.00 0.00 0.00 0.32 2.10 -1.78 -1.78
SAINJ HEP 0.00 0.00 0.00 9.02 0.00 -9.02 0.00 0.00 0.00 -9.02
NTPC -WR 0.00 0.00 0.00 40.25 0.00 -40.25 54.44 117.05 -62.61 -102.86
JINDAL POWE 147.50 0.00 -147.50 63.88 0.00 -63.88 1.88 4.52 -2.64 -214.02
LANKO_AMK 5.08 0.00 -5.08 0.00 0.00 0.00 0.01 17.98 -17.97 -23.05
NSPCL 0.00 0.00 0.00 0.00 0.00 0.00 2.12 12.57 -10.45 -10.45
ACBIL 7.57 0.00 -7.57 44.95 0.00 -44.95 1.58 6.78 -5.20 -57.72
CGPL 0.00 0.00 0.00 0.00 0.00 0.00 21.20 5.13 16.07 16.07
DCPP 0.00 0.00 0.00 0.00 0.00 0.00 0.53 3.60 -3.07 -3.07
EMCO 0.00 0.00 0.00 0.83 0.00 -0.83 2.76 5.04 -2.27 -3.10
ESSAR STEEL 0.00 167.84 167.84 0.00 129.21 129.21 23.18 21.21 1.97 299.02
KSK MAHANAD 0.00 0.00 0.00 0.00 0.00 0.00 0.14 8.26 -8.12 -8.12
29
ESSAR POWER 173.85 0.00 -173.85 10.92 0.00 -10.92 3.15 1.99 1.16 -183.62
JINDAL STG-II 68.06 0.00 -68.06 50.68 0.00 -50.68 4.68 7.14 -2.46 -121.21
DB POWER 50.63 0.00 -50.63 261.29 0.00 -261.29 2.47 6.46 -3.98 -315.90
DHARIWAL PO 0.00 0.00 0.00 1.33 0.00 -1.33 0.28 0.94 -0.66 -1.99
JAYPEE NIGRIE 64.92 0.00 -64.92 75.06 0.00 -75.06 2.14 8.90 -6.75 -146.74
GMR CHATTIS 150.19 0.00 -150.19 25.88 0.00 -25.88 3.65 3.39 0.25 -175.82
MB POWER 47.09 0.00 -47.09 70.68 0.00 -70.68 7.32 7.22 0.10 -117.67
MARUTI COAL 0.54 0.00 -0.54 11.06 0.00 -11.06 0.00 0.00 0.00 -11.60
SPECTRUM 10.28 0.00 -10.28 19.42 0.00 -19.42 0.00 0.00 0.00 -29.70
JHABUA_MP 8.99 0.00 -8.99 5.38 0.00 -5.38 4.73 2.97 1.76 -12.61
SASAN UMPP 0.00 0.00 0.00 0.00 0.00 0.00 0.75 67.05 -66.30 -66.30
TRN ENERGY 15.33 0.00 -15.33 50.29 0.00 -50.29 1.55 7.32 -5.76 -71.38
RKM POWER 0.00 0.00 0.00 0.00 0.00 0.00 2.26 0.41 1.85 1.85
SKS POWER 41.91 0.00 -41.91 35.43 0.00 -35.43 0.55 78.73 -78.18 -155.52
NTPC -SR 0.00 0.00 0.00 20.66 0.00 -20.66 45.95 26.32 19.63 -1.03
MEENAKSHI 0.00 0.00 0.00 0.00 0.00 0.00 2.96 0.00 2.96 2.96
THERMAL POW 1.40 0.00 -1.40 69.90 0.00 -69.90 9.88 5.30 4.57 -66.73
ILF&S 25.08 0.00 -25.08 3.39 0.00 -3.39 6.20 1.34 4.86 -23.61
NLC 0.00 0.00 0.00 140.46 0.00 -140.46 15.80 64.27 -48.47 -188.93
SEMBCORP 547.91 0.00 -547.91 116.98 0.00 -116.98 11.29 3.14 8.15 -656.74
NETCL VALLUR 0.00 0.00 0.00 0.00 0.00 0.00 16.32 0.87 15.45 15.45
NTPC -ER 0.00 0.00 0.00 2.54 0.00 -2.54 42.70 29.41 13.30 10.75
MAITHON POWE 0.00 0.00 0.00 5.06 0.00 -5.06 3.16 4.12 -0.96 -6.02
ADHUNIK P 94.64 0.00 -94.64 0.00 0.00 0.00 1.44 1.77 -0.33 -94.96
CHUZACHEN HE 0.00 0.00 0.00 8.67 0.00 -8.67 0.61 0.79 -0.18 -8.85
GMR KAMALAN 0.71 0.00 -0.71 2.06 0.00 -2.06 8.35 3.28 5.06 2.30
JITPL 48.53 0.00 -48.53 32.54 0.00 -32.54 2.58 6.93 -4.35 -85.41
TEESTA HEP 0.00 0.00 0.00 0.00 0.00 0.00 0.07 6.36 -6.29 -6.29
DAGACHU 27.97 0.00 -27.97 0.00 0.00 0.00 12.47 0.00 12.47 -15.50
JORETHANG 0.00 0.00 0.00 7.83 0.00 -7.83 1.76 0.85 0.90 -6.92
NEPAL(NVVN) 0.00 89.06 89.06 0.00 0.00 0.00 82.11 11.76 70.34 159.40
BANGLADESH 0.00 106.09 106.09 0.00 0.00 0.00 6.66 2.96 3.71 109.79
TEESTA STG3 2.25 0.00 -2.25 140.63 0.00 -140.63 3.02 2.65 0.37 -142.51
DIKCHU HEP 0.00 0.00 0.00 6.29 0.00 -6.29 0.35 0.35 0.00 -6.29
TASHIDENG HEP 0.00 0.00 0.00 8.43 0.00 -8.43 1.44 0.61 0.83 -7.60
NTPC NER 0.00 0.00 0.00 7.88 0.00 -7.88 0.00 0.00 0.00 -7.88
NEEPCO STNS 0.00 0.00 0.00 0.00 0.00 0.00 1.04 6.61 -5.56 -5.56
RANGANADI HEP 0.00 0.00 0.00 0.00 0.00 0.00 1.44 1.21 0.23 0.23
DOYANG HEP 0.00 0.00 0.00 0.00 0.00 0.00 0.35 0.34 0.00 0.00
ONGC PALATANA 48.36 0.00 -48.36 0.29 0.00 -0.29 0.00 0.00 0.00 -48.65
Source: NLDC * in case of a state, the entities which are "selling" also include generators connected to state grid and the entities which are "buying" also include open access consumers.
** (-) indicates sale and (+) indicates purchase,
*** Total net includes net of transactions through bilateral, power exchange and DSM
30
50.6% 45.5%
1.3% 2.6%
Figure 7: Bilateral Contracts executed by Traders in
February, 2018
Upto one weekMore than one week and upto one monthMore than one month and upto 3 monthsMore than three months and upto 12 months
1.50
2.00
2.50
3.00
3.50
4.00
4.50
01
-Fe
b-1
8
06
-Fe
b-1
8
11
-Fe
b-1
8
16
-Fe
b-1
8
21
-Fe
b-1
8
26
-Fe
b-1
8
03
-Mar
-18
08
-Mar
-18
13
-Mar
-18
18
-Mar
-18
23
-Mar
-18
28
-Mar
-18
02
-Ap
r-1
8
07
-Ap
r-1
8
12
-Ap
r-1
8
17
-Ap
r-1
8
22
-Ap
r-1
8
27
-Ap
r-1
8
02
-May
-18
07
-May
-18
12
-May
-18
17
-May
-18
22
-May
-18
27
-May
-18
Pri
ce (₹/k
Wh
)
Delivery Date
Figure-8: Forward Curve based on Prices of Bilateral Contracts
Forward Curve in January 2018 Forward Curve in February 2018
31
Table-20 : VOLUME AND PRICE OF RENEWABLE ENERGY CERTIFICATES (RECs) TRANSACTED THROUGH POWER EXCHANGES, JANUARY 2018
Sr.No. Details of REC Transactions
IEX PXIL
Non-Solar Non Solar
A Volume of Buy Bid 182254 1048572
B Volume of Sell Bid 2327874 3432528
C Ratio of Buy Bid to Sell Bid Volume 0.08 0.31
D Market Clearing Volume (MWh) 182254 1048572
E Market Clearing Price (`/MWh) 1500 1500
Source: IEX and PXIL
Note 1: 1 REC = 1 MWh
Note 2: Forbearance and Floor Price w.e.f 1st March 2015
Type of REC Floor Price (`MWh) Forbearance Price (`MWh)
Non-Solar 1500.00 3300.00